The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-04
THE GENERAL SLACKENING UP
In BUSINESS
Throurhout the Country Surprise
10 Manufacturers and Busi-
ness Hen.
TOTAL BANK CLEARINGS SHOW
DECLINE OF ia PER CENT.
There is an Abundance OF Money at
All Financial Csnters-The Stu
alton Will Soon Improved.

throughout the country, al Time
when q rushing in Of summer and fall
orders was looked for, is something q
A surprise to manufacturer and bust
ness men. The total bank clearings
from thirty. eight cities show a decline
of III per cent. over the previous
week, but an incI ease { IA per cent.
over The came week last year. There
Ia an abundance OF money at all
financial centers. Large blocks Of
money are being borrowed in London
at / per cent. TO be loaned at from 4
to 6 per cent. The commercial situa'
ton will soon improve. The con.
sumption of all kinds OF merchandise
and nanuf lctured products through.
out the country continues ct its maxi
mum limit.
In Boston dry goods are very active,
In Pittsburg business is considerably
inteifsred with by the coke strike. In
Cincinnati business Is rather stsgnant.
In st. Louis large distribution OF
merchandise Is going Cd, especially
through the Southwest. In Chicago
the strike in the building trades Is
baving a psrsly sing effect. In Kansas
CITY the season 10 turning out very
well. Real estate is active, and col
lections are easy. Ia st. Paul building
operations are being vigorously push
ed and very active. Taking the coun-
try at large, trade conditions are favor
able, and an increasing consumptive
demand 10 probable In all the leading
channels Of trade.
Spectators In breadstuffs, provis.
ions and the like, are keenly watching
for favorable opportunities for specu a.
ton. To all appearances there Is an
abundant supply in hand or in sight
OF all the leading staple products, and
prices are more likely to decline than
advance.
The wool market Is dull cotton is
strong and active. Dry goods are be-
ing freely distributed at Boston, New
York and Philadelphia. The exports
of textile goods, so far this year, are
about the same as last year In the az.
gregate. The chief demand is for cot
ton goods. Manufacturers throughout
the East are generally sold up to the
loom. Ginghams and all kinds Of cot
ton dress goods are in active demand
ameng wholesalers. Woolsns and
worsteds are dull, and q great deal of
mill capacity has been temporarily
restricted. Manufacturers of all kinds
OF textile goods look forward to a suffi-
cient summer and fall demand 10 elbow
them to run their mills to full capacity
after July LIST.
In the lumber trade very active
jistribution OF all kinds OF lumber is
in progress. Throughout the West
The demand is particularly heavy.
the East the heavy sup.
ply that has been received during the
past few weeks has made buyers
rather backward, and they are, and
have been for some time, buying in a
retail way, in order to take advantage
Of any weakness in quotations. The
export trade in lumber Is good. The
great activity in building operations
In cities and throughout the rural Sec
tons Ia maintaining q steady demand
for white ard yellow pine, hemlock
and spruce and all the hardwoods.
Boxwood Ia extremely active in the
leading Atlantic cities.
The coal trade is assuming larger
proportions. There will be no strike
In the anthracite or bituminous fields,
and 1t Ia expected that the coke strike
will be terminated in short time.
The demand for machinery, motive
power and rolling stock, as we'll as the
demand for structural iron for build.
ing and bridge purposes, 10 very
heavy, and railroad managers will
shortly be In the market for still
heavier supplies. The gold and silver
mining regions in the West have,
within two or three weeks, placed
heavy orders for mining machinery
There is ALEC a heavy demand fol
Touring mill machinery, and for mill
and shop appliances of every desCrip'
ton.
There are 10,700 local assemblies II
the knights Of Labor. Perhaps Al
per cent, OF these have dropped out
though the hguTe lie put at as high al
90 per cent, by some pretended au
thorlties. The knights are gaining II
strength, although not in numbers
Tens Of thousands who rushed int
the order for the purpose OF using |
AZ q lever TO advance wages arbitrar
lily, and to tyrannize over good AM
bad employers alike, have withdrawn
Disguised or disappointed, and ar
waiting on the outside to zee the orde
20 to pieces on account Of their with
drawal.
=. The Western farmers and Southern
planters are entering into political az
ton In conjunction with organize,
labor, and their threatened success |
giving the old line politicians more O
less trouble. They have able speah
ers, clear headed thinkers, and are d.
termined that the cause for which tn
grangers' organization sprang into 81
istence, shall be pushed forward.
Natural gas Is likely to be pipe
very long distances. 1t is pIobabl
that line will bs established to carr
gas from the producing regions
Chicago which will eupply 100000
feet per minute. Stations will
established at various points. Tt
Johnstown Steel Rail Company hay
suspended mining operations on 30(
acres becaufe they are supplied wit
natural gas.
The Chinese Government hay
ordered ninety coin making pIeSse
intending to coin large amount
money. Schemes are being form
lated by Chinese and Europeal CAP
talists with q view Of extending Il
railway system of Europe throup
Asia into Oriental countries. A va
amount Of capital will be require
and will he forthcoming provided Il
British Government guarantee d
Interest on the bonds.
Two boals are 10 be built at Clev
land, for Lake OhauiauQus, which wi
make twenty-five miles an hour.
All manufacturing firms in Pennsy
yania issuing scrip will hereafter
Obliged to pay q tax Of 10 per cent.
The cities within a radius of II
miles OF the Pennsylvania aud Oh
natural gas fields, are promised gas 4
domestic purposes, ia a short tim
A great many films are likely to I
move TO the gas region, in order
save coal.